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Uri Levine (co-founder of Waze) has not retired, but is back in the start-up game with several start-ups including 2 that could be considered financial technology plays: 1) FeeX a service that vets users’ portfolios and makes recommendations for similar investments with lower fees and 2) Zeek, an online marketplace for unused store credit.
Feex is aiming to return to consumers some of the money investment managers charge for their retirement and other funds. In the US alone, these fees add up to about $600bn a year, Levine says, more than twice the size of Israel’s GDP. Feex, which advises users on how to switch their investments into lower-fee vehicles, is advertising itself as “the Robin Hood of fees”.
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